Page 166 - 5.2 i. Manac Finance ITC Summarised Notes

THE FINANCING DECISION

Introduction

• The present financial crisis have not only restricted the access to finance
for many business entities, but placed renewed focus on the risk of
using excessive debt finance.

• For the new, smaller business it is often a case of using whatever form
of finance is available, at whatever cost.

• In contrast, a larger business – with a track record – can often apply
more of the knowledge and skills highlighted in this learning unit, to
secure the right form of finance, at the right time, and at the right cost.

• Under certain circumstances, foreign finance will provide the right
match to such a business enterprise.

• In this learning unit we explore the specialist field of foreign finance, as
it applies to the South African business entity.

• Now study the following subsections in Managerial Finance (8th edition)
and attempt the activities included therein (if any):

• Chapter 7 7.16 Foreign Finance

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